I saw this little MEME or illustration or call it whatever you want to on Twitter here the other day and I consider it to be very true and quite amusing. What is it all about?
If you have read my articles in the last months, then you probably know that I have been writing a lot about rebase tokens such as OlympusDAO, Jade Protocol, Wonderland, HectorDAO, and many others. In fact, I write about them weekly due to the experiment in the IP Address Guide in which we compare 14 different protocols and their results. The experiment has been running for six weeks (tomorrow) and I have got to admit that the numbers are really depressing.
But, even in the midst of this, the rebase tokens have been very popular. However, as January is coming to an end, I have got to say that the illustration above is extremely true and valid!
It seems as if investors have turned their backs to OlympusDAO, Wonderland, and the other rebase tokens, and instead, they are looking at the more tempting lady, the node tokens. The node tokens are projects in which you buy a number of tokens and use them to create a node. By doing so, you hand back your tokens, meaning that you lose all rights to them, but you have received a so-called node and this will bring you a daily payout for the rest of your life (at least it is supposed to do so).
That is a brilliant deal if the project decides to stay alive for that amount of time.
This all started with Ring Financial (which rugged and did all mistakes possible), but the followers are doing a way better job, and currently, Thor Financial is the most popular and hyped protocol, but one can easily see that VaporNodes, PowerNodes, Comb Financial, and also Cubo Financial are getting a lot of attention. ProjectX is the newest kid on the block and this has actually done a quite crazy 8x in value in the last seven days.
What needs to be understood, and that is kind of the humor in all of this, is that the treasuries of all the node protocols are consisting of quite a lot of rebase tokens. Of course, many of them are buying other coins as well, such as Fantom (and then they create Fantom validators), but there are still quite a lot of rebase tokens in those treasuries, so the node protocols are all in need of seeing success among the rebase tokens.
Have you invested in any rebase tokens or in any of the node tokens?
